Description
BSE announces non-competitive bidding facility for RBI auction of two Government of India dated securities worth Rs 28,000 crore on September 12, 2025.
Summary
BSE has announced the availability of non-competitive bidding facility for the RBI auction of Government of India dated securities scheduled for September 12, 2025. Two G-sec issues totaling Rs 28,000 crore will be available for bidding through BSE’s NCB-GSec module.
Key Points
- Two G-sec re-issues available: 6.01% GS 2030 (Rs 15,000 cr) and 7.24% GS 2055 (Rs 13,000 cr)
- Bidding through BSE’s iBBS web-based NCB-GSec module
- Minimum subscription units of 100 with Rs 10,000 minimum amount
- Maximum bidding limit of Rs 2 crore per security
- 24-hour bid collection availability starting September 9, 2025
Regulatory Changes
No new regulatory changes. This follows existing framework established by Exchange circular no. 20180423-42 dated April 23, 2018 for non-competitive bidding in government securities auctions.
Compliance Requirements
- Trading members must use BSE’s iBBS NCB-GSec module for bidding
- Adherence to minimum and maximum bidding limits
- Compliance with settlement obligations through ICCL
Important Dates
- Bid Collection Start: September 9, 2025, 10:00 AM onwards
- Member Bid End: September 12, 2025, 8:00 AM
- Direct Investor Bid End: September 11, 2025, 5:00 PM
- Auction Date: September 12, 2025
- Settlement Date: September 15, 2025
Impact Assessment
This auction provides retail and institutional investors access to government securities through BSE’s non-competitive bidding facility. The offering of long-term securities (2030 and 2055 maturity) caters to different investment horizons and may influence debt market liquidity and pricing.
Impact Justification
Standard government securities auction process affecting debt market participants and investors